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    Market Segment

    March 21, 2024

    CMC profits fall on seasonal challenges, weather issues

    Written by Ethan Bernard

    CMC

    Second quarter ended Feb. 2920242023% Change
    Net sales$1, 848$ 2,018-8%
    Net earnings (loss)$85.8$179.8-52%
    Per diluted share$0.73$1.51-52%
    Six months ended Feb. 29
    Net sales$3,851$4,245-9%
    Net earnings (loss)$262.1$441.6-41%
    Per diluted share$2.22$3.71-40%
    (in millions of dollars except per share)

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

    Read more from Ethan Bernard

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